Modeling Appropriate Fiscal Targets and Optimal Consolidation Paths for Resource-Rich Countries: The Case of Suriname

22 Pages Posted: 1 Aug 2014

See all articles by Daniel Kanda

Daniel Kanda

International Monetary Fund (IMF)

Mario Mansilla

International Monetary Fund (IMF)

Date Written: July 2014

Abstract

This paper first attempts to quantify the natural resource wealth of Suriname from the perspective of its impact on the fiscal position, and then assesses the fiscal sustainability gap in that context. It then presents models to address the question of the optimal path of fiscal consolidation given the outlook for natural resource wealth, macroeconomic conditions, and country authority preferences.

Keywords: Fiscal consolidation, Suriname, Natural resources, Mineral products, Fiscal position, Fiscal sustainability, Econometric models, Natural Resource Wealth, Optimal Fiscal Consolidation, Fiscal Targets, mineral, fiscal tightening, budget constraint, fiscal multiplier, fiscal revenues, fiscal measures, fiscal adjustment, fiscal policy, fiscal deficit, fiscal policies, fiscal stance, public debt, structural fiscal, fiscal target, government revenue, fiscal balance, public spending, food prices, fiscally sustainable, fiscal expenditure, fiscal balances, public expenditures, fiscal income, tax rates, fiscal outcome, fiscal positions, cyclical fiscal policies, fiscal impact, fiscal loosening, fiscal

JEL Classification: E62, H68, Q32

Suggested Citation

Kanda, Daniel and Mansilla, Mario, Modeling Appropriate Fiscal Targets and Optimal Consolidation Paths for Resource-Rich Countries: The Case of Suriname (July 2014). IMF Working Paper No. 14/121. Available at SSRN: https://ssrn.com/abstract=2475017

Daniel Kanda (Contact Author)

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

Mario Mansilla

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

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